High Arctic Energy Services (TSE:HWO) Shares Cross Above 200 Day Moving Average – What’s Next?

High Arctic Energy Services Inc (TSE:HWO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.85 and traded as high as C$0.87. High Arctic Energy Services shares last traded at C$0.86, with a volume of 6,100 shares changing hands.

High Arctic Energy Services Trading Down 3.4%

The firm has a market cap of C$10.92 million, a P/E ratio of -28.67 and a beta of -0.24. The business’s 50-day moving average is C$0.86 and its two-hundred day moving average is C$0.85. The company has a current ratio of 2.43, a quick ratio of 4.54 and a debt-to-equity ratio of 20.27.

High Arctic Energy Services (TSE:HWO) last issued its earnings results on Tuesday, March 31st. The company reported C($0.01) earnings per share (EPS) for the quarter. High Arctic Energy Services had a negative return on equity of 0.93% and a negative net margin of 1.97%.The business had revenue of C$2.99 million during the quarter. As a group, analysts expect that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal year.

About High Arctic Energy Services

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.